Farmers ‘have lost €67m in slump’
Beef Committee chairman John O’Leary said the short-term strategy adopted by meat processors of cutting prices at every opportunity is inflicting serious damage to the sector’s long-term future.
“Losses on that scale, where input costs and regulation are increasing, are simply not sustainable and are leading to an absolutely disgraceful income situation facing beef producers,” he said.
Mr O’Leary said that at current prices farmers are being left with little choice because beef production is becoming uneconomic.
